Once an observation is identified by an internal auditor as


Once an observation is identified by an internal auditor as a fraudulent act committed by senior mgt. Resulting in an amount considered insignificant and trivial, it should be:

a. reported to senior management

b. reported to the independent outside auditors

c. report to the audit committee

d reported to major outside funding sources as defined by the laws and regulation of the country in which it operates

e. answers a and c are correct

f. answers a through c are correct

g. all the answers, a through d are correct

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Finance Basics: Once an observation is identified by an internal auditor as
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